How France Will Reform

PARIS – The world is changing rapidly – and it will not wait for anyone. The only way to thrive is to keep pace with this transformation. That is why France is pursuing reforms.

Of course, reform means change. But it does not mean giving in to external pressure, or giving up what makes France French. Rather, it is the key to consolidating our history, our pride, our traditions, our way of life, and our values in a dynamic global environment, for the sake of today’s citizens and tomorrow’s. It is the key to building a stronger, more prosperous France.

Clearly, much is at stake in the ongoing reform process. The good news is that many factors work in France’s favor, including diverse geography, a vibrant science and technology sector, a rich culture, and vast human capital. Indeed, these factors help to explain why France remains the world’s fifth-largest economy.

But, as globalization transforms the world economy, France must adapt in order to enable its businesses to compete abroad as well as at home. A robust business sector is decisive in an open economy, as it shapes a country’s ability to preserve – and improve – its citizens’ living standards.